Luxe Austin Homes - Luxury

"Lake Austin luxury development employs VR to place owners in homes before they're built"

Austin Business Journal writes, "the Four Seasons Private Residences Lake Austin is still a few years away from completion on Bridge Point Parkway near the Pennybacker Bridge.

In the meantime, prospective buyers can experience the luxury residential development's homes and amenities through virtual reality, an example of how new technology is changing the marketing of real estate.

Site work began Feb. 8 on the project but, by donning a pair of VR goggles, one can already walk around the 145-acre Lake Austin property's sprawling homes and more than 100,000 square feet of amenities.

Jonathan Coon — partner at Austin Capital Partners, which is co-developing the project with Four Seasons Hotel and Resorts and Hines — believes the use of VR to…

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"Austin settles into ranks of Texas cities selling homes over $10 million"

CultureMap Austin writes, "Austin is being redefined as a market for homes for the ultra-rich, according to a new report. The $10M+ National Luxury Report for 2022 from real estate brokerage Compass cites five local sales of homes over $10 million in 2022; that's only up one from the previous year, but there had been none in the years shown before that.

The report is for all sales in the area and based on MLS data.

Affluent areas in Austin have landed increasingly in wealth reports, like the richest cities in Texas as the benchmark for the 1 percent of highest earners in Texas rises. The Compass report acknowledges that the wealth of Austin transplants has permanently changed the real estate market.

DFW holds the top spot in Texas for the $10…

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"Nearly complete, Sixth and Guadalupe skyscraper takes Austin skyline to new level"

Austin Business Journal shares, "the end of construction is in sight for the Sixth and Guadalupe high-rise. But already, the view from the top of Austin's tallest building is unlike anything else in the city.

The 66-story mixed-use tower, which broke ground in 2019, could welcome its first apartment residents in October, said Tony Curp, senior vice president of development at Kairoi Residential. Sixth and Guadalupe is being developed by Kairoi, which is handling the residential portion; Lincoln Property Co., which is handling the commercial portion; and investor DivcoWest. The tower was designed by Gensler and JE Dunn Construction Group is the general contractor.

Curp this week hosted Austin Business Journal on an exclusive first-look tour of…

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"New homes in one of Austin’s most expensive neighborhoods to begin at $12.5M"

CultureMap Austin reports, "development plans for a secluded, luxury residential community have been announced in Westlake Hills, one of Austin’s most expensive neighborhoods.

Spearheaded by design firm Unicus Developments, FIVE will consist of five contemporary luxury homes on 5.5 acres of land at 3605 Stoneridge Road. Prices for the homes begin at a jaw-dropping $12.48 million.

"The neighborhood where FIVE is located is a coveted opportunity in the highly sought-after Eanes district,” says Eric Moreland of EM group with Moreland Properties, the brokerage firm for the development. “Each FIVE home has a unique finish out and delivers the ultimate experience in refined living.”

Every home in the private, gated community will be painted in…

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"Prices, construction timeline revealed for luxury Lunaroya neighborhood in Dripping Springs"

Austin Business Journal reports, "pieces are falling into place for a new luxury single-family community in Dripping Springs, including its name.

Nashville-based Southern Land Company LLC said March 1 the neighborhood, first revealed in January 2022, will be called Lunaroya. Prices for the 28 homes will start at "under $2 million," said Jenna Lefever, SLC director of public relations.

Infrastructure work has been underway on the 70-acre community since the third third quarter of 2022 and home construction is expected to begin in September 2023.

The floor plans and square footage range of Lunaroya’s homes are still being finalized, Lefever said. The neighborhood will consist of 10 1.5-acre home sites and 18 two-acre home sites across the…

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"Austin is the No. 1 fastest-growing U.S city for millionaires—see where else made the list"

CNBC reports, "cities like New York City and L.A. might be some of the wealthiest in America, but it’s smaller cities that are becoming more and more appealing to millionaires.

According to Henley and Partner’s 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them.

Top 5 fastest-growing U.S. cities for millionaires

1. Austin, Texas
2. West Palm Beach, Florida
3. Scottsdale, Arizona
4. Miami, Florida
5. Greenwich and Darien, Connecticut

The No. 1 city on the list is Austin, Texas. According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. In December 2022, Austin was home to…

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"Austin's hottest real estate stories of 2022: Dramatic market shift and big developments"

CultureMap Austin writes, "as 2022 comes to a close, we're looking back at the stories that defined Austin this year, starting with the red-hot topic of real estate. Following unprecedented growth during the pandemic, Austin's market is poised for a dramatic swing, but that's not all that happened this year. From massive mansions to tall towers and the first "residential winery" in the state, here are the hottest real estate headlines of 2022.

1. $45 million Lake Travis mansion makes a splash as most expensive home for sale in Texas. A Lake Travis estate fit for a celebrity hit the market at $45 million this spring. The property came with big-as-Texas bragging rights, as it was the priciest home on the market in Texas at the time. In 2013, the…

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"New 2,200-acre master-planned community with 'downtown village' on the horizon for Lake Travis"

CultureMap Austin reports, "a new master-planned community is set to take shape in the "wild hills" of Lake Travis. Thomas Ranch, announced December 5 by developer Areté Collective, is coming to Spicewood, with construction set to begin in 2023.

The 2,200-acre project will boast ample housing — approximately 3,500 units are planned — as well as a downtown village, expansive hiking and biking trails, and many other luxe amenities. Its website says "Thomas Ranch is a 2,200-acre master-planned community reimagined to appeal to a new kind of lifestyle."

“Areté is working to create a new frontier when it comes to Lake Travis living,” Rebecca Buchan, Areté Collective's CEO and co-founder, says in a release.

“Our vision for Thomas Ranch is that it…

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"Crane Watch: Symphony Square tower tops out; Lots more housing, warehouse space planned"

Austin Business Journal reports, "Greystar Real Estate Partners LLC's Symphony Square mixed-use project in downtown Austin is inching toward completion.

Since October, both 1121 at Symphony Square, the development's seven-story office building, and The Waller, its 32-story residential tower, have topped out, said Jon deVita, development associate at Greystar.

South Carolina-based Greystar is seeking certifications that will set the project apart in the areas of sustainability, connectivity and health and wellness, said Matt Stevenson, Austin-based senior director of development.

When complete, 1121 at Symphony Square will have 129,000 square feet of class A office space, with floor plates ranging from 13,500 to 30,000 square feet, deVita…

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"Not just 'another luxury golf community': Thomas Ranch could add thousands of homes, urban node west of Austin"

The Austin Business Journal reports, "a massive master-planned community could be coming to the border of Travis and Burnet counties.

Salt Lake City-based Areté Collective LP announced Dec. 4 plans for Thomas Ranch, a 2,200-acre neighborhood that could rise along State Highway 71 near Spicewood. It would feature a dense urban core that developers hope to anchor with a major grocer, plus thousands of housing units across multiple types of residences and price points, a school, health care options, a resort hotel and a golf course designed by the mind behind the newest addition to the world's oldest course — The Castle Course at Scotland’s St. Andrews Links.

“What we are trying to do is build an inclusive, livable community,” Areté Collective…

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